Vietnam's economic zones attract over 110 bln USD from foreign investors

Industrial parks (IPs) and economic zones (EZs) in Vietnam have attracted more than 110 billion U.S. dollars from foreign investors by the end of June this year, the Ministry of Planning and Investment (MPI) reported on its website on Wednesday.

Vietnam currently has 289 IPs covering 81,000 hectares of land, 15 coastal EZs occupying about 698,000 hactares, and 28 border economic zones.

A total of 4,665 foreign direct investment (FDI) projects worth 70 billion dollars are operational in IPs, while the coastal EZs attracted some 40 billion dollars and the border EZs, 700 million dollars.

In the first six months of this year, total registered capital was reported at 7.9 billion dollars, accounting for more than 80 percent of the country's new investment capital.

In the reviewed period, the IPs and EZs earned nearly 38 billion dollars in revenue, up 16 percent year on year, and 23 billion dollars in export turnover, contributing 45 percent to the country's export value.

More than 2.1 million people are working in those IPs and EZs, said the ministry.